Saturday, February 14, 2015

Condominium statistics for January 2015 in the Logan Square community area of Chicago

Chicago appraiser Michael Walsh recently appraised a condominium in the Logan Square neighborhood of Chicago and shares his market analysis in this presentation.

According to MRED MLS statistics for the last twelve months for MLS area 8022 Logan Square, the median sales price for Condominium Housing increased +3.2%, average marketing time declined -11.1% to 64 days on the market, and there is currently a 3.0 month supply of inventory. This level is considered in balance. REO & Short Sales account for approximately 8% of total sales.

In the last 30 days there were 31 closed sales of attached homes & condominiums, 69 went under contract and there were 70 new listings.